An undisclosed buyer entered into definitive agreement to acquire Lighting business from Magna International Inc. (TSX:MG) on April 9, 2026. As part of the acquisition, Magna does not expect the divestitures to impact its 2026 adjusted earnings per diluted share outlook as previously issued.
For the period ending December 31, 2025, Lighting business from Magna International Inc. (TSX : MG) reported total revenue of CAD 1 billion.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is July 1, 2026 to December 31, 2026.
Magna International Inc. is a Canada-based mobility technology company. The Company is a supplier of automotive space, specializing in body and chassis, all-wheel drive/front-wheel-drive, transmissions, latches, mirrors and contract vehicle assembly. Its segments include Body Exteriors & Structures, Power & Vision, Seating Systems and Complete Vehicles. Its products include Complete Vehicles, Body & Chassis, Electrical/Electronic, Exterior/Interior and Powertrain. Its Body & Chassis includes battery enclosures and body-in-white solutions. Its Electrical/Electronic includes advanced driver assistance systems and automated driving. Its Electrical/Electronic includes seating, mirrors, lighting, mechatronics. Its Powertrain includes hybrid powertrain, modules and components. Its Complete Vehicles include complete vehicle engineering. Its global network includes approximately 341 manufacturing operations and 106 product development, engineering and sales centers spanning 28 countries.
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